It’s a defensive stock. Maybe market now is all hyped up on growth stocks and full risk on. Hence defensive stocks are being rotated out in favour of high risk high gain names.
Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United...
WM.US staged a low-open and high-walk session today, closing up 4.07% at $242.27, driven by bullish analyst views and solid earnings. It dipped to $230.406 in pre-market but quickly rebounded after the open, hitting an intraday high of $243.04 before a slight pullback. BMO Capital maintained a Hold rating, while Bernstein reiterated a Buy, fueling optimism ahead of Q2 results. Q1 revenue reached $6.227 billion, up 3.47% YoY, net profit was $723 million, up 13.5% YoY, and EPS of $1.79 grew 13.29% YoY, with a net margin of 11.61%. The stock remains 2.36% below its 52-week high of $248.13 but has gained 10.93% year-to-date, trading above both the 20-day ($227.32) and 60-day ($222.87) moving averages, though the post-market slip to $242.25 suggests some profit-taking.
Waste Management rose 3.1% intraday to $236.07, driven by robust regular-session trading after a cautious pre-market around $231.61; the stock opened higher and rallied steadily above the $235 level. Q1 2026 net profit grew 13.5% YoY to $723 million and EPS of $1.79 was up 13.29%, yet the share price remains 4.86% below its 52-week high of $248.13, while trading 6.4% above its 20-day moving average of $221.79. Recent analyst reports, including Bernstein's buy rating, add positive sentiment, though the SVP of Enterprise Strategy recently sold over $585k worth of shares.
WM displayed a 'higher-open, lower-close' pattern today, with pre-market strength pushing the stock to $222.00 at 07:10 ET (up 1.83% from prior close), followed by profit-taking pressure through the regular session, declining to $217.60 lows before settling at $219.25 (+0.57%). Year-to-date performance remains subdued, up just 0.28%, with the stock trading 11.74% below the 52-week high of $248.13 hit on March 6, currently above the 20-day moving average (217.12) but notably below the 60-day average (225.45), suggesting intermediate-term resistance. Q1 2026 earnings showed solid fundamentals with EPS of $1.79 (up 13.29% YoY) and net income growth of 13.5% YoY, yet this earnings strength has not yet driven a meaningful breakout from current consolidation levels. Recent institutional buying interest from players like Capital Innovations adds support, though market participants remain cautious on valuation (PE 31.48) and the sustainability of growth at current price levels.
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